Beyonce, Jay Z Money Problems?

Truth rating: 0

By
Gossip Cop Staff | 1:16 am, October 15, 2018

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Beyonce and Jay-Z do not — nor did they — have money problems, despite an inaccurate report published exactly one year ago today. At the time, Gossip Cop busted a tabloid that falsely maintained the couple was in a “cash crunch” after buying some pricey real estate on both coasts of the United States. It was untrue then, and it’s actually even more wrong now. Far from having issues with money, in the intervening 12 months since that bogus story, Jay-Z and Beyonce’s bank accounts have grown much larger.

On October 15, 2017, OK! wrongly asserted the music superstars were having financial issues after having dropped more than $100 million combined for a mega-mansion in Los Angeles and an impressive home in the Hamptons. As widely reported shortly before the tabloid’s article, Beyonce and Jay-Z paid $88 million for their L.A. house and another $26 million for their Hamptons spread. A year ago, the magazine quoted an either made-up or completely ill-informed “source” who contended “more money” of theirs was being spent than “coming in.”

Among the supposed reasons the couple was hemorrhaging money, cited the publication, was the additional expenses associated with them having their twins, Rumi and Sir; Jay-Z’s streaming service Tidal “struggling;” and Beyonce wanting to work far less, “not more.” As a result, the magazine claimed their financial advisors told them to rein in their spending because they were “living beyond their means.”

Far from having a “cash crush” and spending “beyond their means,” like the lyrics in their song Boss, their “great-great-grandchildren already rich… on your Forbes list.” Basically, not one claim back then about Beyonce and Jay-Z having money problems was true. One year later, it’s even more clear Gossip Cop’s reporting was right on the money.